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Beckett Court

Shared ownership

Beckett Court, 13 Mast Street, Barking, IG11 7PF

For sale
Shared ownership
Photo of Beckett Court
Live from space album cover

from

£91,000

with min. deposit

£9,100

35% Share from
£91,000
Full market price
£260,000
Minimum deposit
£9,100
Monthly rent
£424
Monthly service charge
£124.45
Reservation free
£500

1 bedroom flat

SHARED OWNERSHIP

Full Market Value - £260,000

You pay (35%) - £91,000

Monthly Rent - £424.06

Service Charge - £124.45

Ground Rent (Included in monthly service charge payment) - £125.00

Council Tax Band - C

130 year lease commenced July 2015 - 122 years remaining

EWS1 Certification is available for this property (A2 rating)

Barking Station is a short 5 minute walk away, and offers excellent overground and underground connections into London, while the c2c line (named 'Rail Operator of the Year' at the 2018 National Transport Awards) offers fast, reliable services throughout East London and South Essex reaching Central London in 18 min (Fenchurch …

Features

Balcony

Bedrooms1
Bathrooms1
Reception rooms1
Floor area51.5
Number of floors1
Entrance floor5th floor
Tenureleasehold
Lease years122
EER Current84
EER Potential84
EIR Current92
EIR Potential92

from

£91,000

with min. deposit

£9,100

35% Share from
£91,000
Full market price
£260,000
Minimum deposit
£9,100
Monthly rent
£424
Monthly service charge
£124.45
Reservation free
£500
L&Q

L&Q

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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